Strive, Inc. has announced an update regarding its sales agreement for Variable Rate Series A Perpetual Preferred Stock. This change comes in light of the recent acquisition of Benchmark by StoneX Group Inc., which has led to the termination of Benchmark's role as an agent in the sales process.

The update is significant for Strive as it navigates the complexities of capital raising in a changing financial landscape. The finance services industry, which encompasses a wide range of financial activities, may experience shifts in agent roles and distribution strategies as a result of this change.

Background

Strive, Inc. operates within the finance services sector, classified under SIC code 6199. The company is publicly traded on the Nasdaq under the tickers ASST, SATS, and SATA. Recent filings from Strive include a Form 424B3 filed on November 6, 2026, and a Form 10-Q also filed on the same day.

What the Filing Says

The filing states, "We are filing this supplement to reflect the termination of the Sales Agreement by The Benchmark Company, LLC solely with respect to its rights and obligations thereunder, effective November 16, 2026." It further clarifies that this termination does not affect the rights and obligations of other agents involved in the sales agreement.

Impact

The termination of Benchmark's role as an agent may affect Strive's capital-raising strategies and the overall dynamics of its sales agreement. Other agents, including StoneX Financial Inc., remain involved, which could influence how Strive approaches its financing and investor relations moving forward.

What's Next

The filing does not say what happens next regarding Strive's sales strategy or any potential new agreements with other agents.